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Dollar Slightly Rise Amid Investor Concerns about US Fed’s Independence Singapore, 27 Aug (ONA) — The dollar staged a shaky recovery today, with gains capped by renewed investor worries about the Federal Reserve’s (US central bank) independence, which limited the greenback’s gains.
The dollar initially weakened on the developments though later regained some ground today, rising 0.33% against the yen to 147.93 and leaving the euro trading 0.24% lower at $1.1614.
Sterling fell 0.23% to $1.3448, while the dollar index rose 0.2% to 98.47.
In other currencies, the Australian dollar was last down 0.16% at $0.6484, while the New Zealand dollar eased 0.27% to $0.5845.— Ends/Khalid
